I am trying to print a report from May1 to May31, 09 but it tells me I can not go beyond May27, 09.

Why is that?

Abacus , 11:28:55 am
Categories: Reports
Permalink3 comments »
3 comments
Comment from: Abacus [Member]
Check your session date. There are two ways to check your session date. First, session date pops up when you first open simply accounting program, you can change the session date there. Second, if you are already in the program, at the home screen click on maintenance than change session date, you can now change the session date.
09/27/09 @ 17:03
Comment from: Rob [Visitor]
How can I print the general ledger? Before, I would go under reports, financials, and general ledger. But now the general ledger option is not there anymore.
09/27/09 @ 17:15
Comment from: Abacus [Member]
You must have upgraded. With the 2009 version of simply accounting the word general ledger is changed to transactions by account. Go under reports, financial, and try transactions by account.
09/27/09 @ 17:19

Abacus , 05:24:32 pm
Categories: General
Permalink2 comments »
2 comments
Comment from: Abacus [Member]
I think instead of adjusting the entry you might have accidently deleted the entry. When you call up the original purchase entry you have two icons next to each other. If you hold your mouse on it, one will say adjust invoice the other would say void invoice. If you want the entry to not exist at all choose void invoice, but if you want to change a part of the invoice than you must adjust the invoice. In your case I think you have to re-enter the purchase invoice once again.

09/27/09 @ 17:27
Comment from: Sylvia Jaumann [Visitor] · http://1stratebooks.com
Another possibility is that you changed the date when you adjusted the entry. Do a journal entry search by entry number and see if you can find it that way.
10/10/09 @ 16:21

How can I find out how much source deductions I have to pay to the government? I am in Canada, and working with Simply Accounting.

Comment from: Abacus [Member]
There are a few steps to take but it is easy.
1st- in your home screen click on reports, financials, and transactions by account. Pick
the date from, ex: July1,2009 to July31,2009.
2nd- in the 2000 series liability accounts choose the three source deduction accounts.
ex: CPP payable, EI payable, Income tax payable.
3rd- print the report and enter the liability in the purchases journal. Remember the date
in the purchases journal should always reflect the ending date of July 31, 2009, and
the invoice number should say “July09Payroll” to identify the source deduction
ending period. Good luck.

09/27/09 @ 17:30
Comment from: nk [Visitor]
1. For 2010 Provincial and Federal tax claim codes for TD1.

Federal amount $10,382.

Provincial amount for the following provinces are:

Alberta $16,825.
British Columbia $11,000.
Manitoba $8,134.
New Brunswick $8,777.
Newfoundland and Labrador $7,8333
Nova Scotia $8,231.
Northwest Territories $12,740.
Nunavut $11,714.
Ontario $8,943.
Prince Edward Island $7,708.
Saskatchewan $13,348.
Yukon $10,382.

12/29/09 @ 08:36
Comment from: Denis [Visitor]
does anyone know how to change the claim codes in simply accounting payroll module?

Yes, go to simply accounting home page.
Click on employees
Choose the employees name
Click on taxes tab
Change the federal and provincial claim.

12/29/09 @ 09:16
Comment from: JJ [Visitor]
Does anyone have some video tutorial. something that shows the basics. A URL would be great.

12/30/09 @ 09:22
Comment from: NK [Member]
Hi JJ
go to www.accompservices.ca, at the bottom of the home page you can sign up and a series of turorials will be send to you. You’l find it very useful.
nk
12/31/09 @ 09:35
Comment from: NK [Member]
Rob
I have heard that there is a fine if an employer does not get a SIN number from its employees.
Does anyone know.
12/31/09 @ 10:03
Comment from: NK [Member]
Hi Rob,
You are right. If an empoyer does not make a reasonable effort to get a SIN number from their employees, the employer will be subject to a penalty of $100. for each failure. Make sure each new employee fills out a TD1 form for both federal and provincial claims. You can get these forms from www.cra.gc.ca.
12/31/09 @ 10:06
Comment from: Kelowna Bookkeeper [Member]
To employers with payroll.
before you hire staff make sure you call CRA (Canada Revenue Agency) and get a payroll number.
The payroll number is the same as your business 9 digit number except it ends with RP0001, (RP for payroll).
the CPP, EI, and tax that is withheld from your employees is called “Source Deductions” and it is due on the 15th of each month for the previous month.
CRA phone number is 1800-959-5525.

03/12/10 @ 09:25
Comment from: Debrah [Visitor]
I was wondering if anyone knows when you are putting the source deductions in the purchase journal which account do you choose to put the amount in? I know it would be an expense under which expense?
(I’m using Simply accounting)
06/14/10 @ 08:35
Comment from: NK [Member]
Hi Debrah
This is how to post source deductions in the purchase journal.
From the top:
Choose your vendor (Receiver General)
Your invoice number should reflect the month the source deductions are for eg: 31May10 SD.
The date should reflect the month end. eg 31May2010.
first line – in the amount section of the purchase journal enter how much CPP you have to remit and post to your 2 thousand liability account CPP Payable.
2nd line – in the amount section enter the amount of EI you have to pay and post to the 2 thousand EI Payable account.
3rd line – in the amount section enter the amount of income tax you have to pay and post to the 2 thousand Income Tax Payable account.
The expense accounts are in the 5 thousand series numbers and they get affected automatically every time you process payroll. So, you don’t do a separate entry to capture the expenses.
I hope this has helped.
nk
06/14/10 @ 22:54

How can I tell if I am in history mode or not?

09/27/09 @ 17:40
Comment from: Rob [Visitor]
To answer your question of “How can I tell if I am in history mode or not?
“:

If you have little feathers beside each module then you are in history mode.

09/27/09 @ 17:45
Comment from: Joe [Visitor]
As a small business operator, I am thinking of switching to Simply Accounting. Are there different flavours of Simply Accounting like Basic, or Enterprise, etc?

Can anybody tell me what is so special about Simply Accounting?

01/06/10 @ 20:20
Comment from: NK [Member]
Hi Joe, There are five types of softwares, First Step, Pro, Premium, Enterprise, and Accountant Edition.
First Step has a two step setup, fill in your company name and enter the company’s start and end date for the year. You can keep track of customers and supplies, write cheques, price list for inventory, and generate reports.
Pro offers General ledger, customers & sales, vendors & purchases, inventory & Services, Project costing, and payroll. It is easy to set up and transfer data from Quickbooks or MYOB.
Premium offers the same essentials as Pro with some extras, you can roll up multiple company files into one ledger data file for consolated reporting. This is great for enterprises that have multiple cmpanies. Choose between 2 inventory costs, first in first out or weighted average cots. You have more tools for sales analysis and forcasting.
Enterprise offers same features as Pro & Premium plus, you can get packages with 10,15,or 20 users. Includes simply care with payroll and support, control user access, and serialized inventory.
Accountant Edition offers same as above three softwares as well as, you can now create, open, edit and save from all simply accounting 2010 editions. Re-number general ledger account numbers and merge duplicate data. Provides real-time simultaneous access so clients don’t have to stop entering infrormation before you can open, enter, edit, and save your data.
Hope this helps.
nk

01/15/10 @ 10:22
Comment from: Kelowna Bookkeeper [Member]
The project module in Simply Accounting can be very useful.
With older versions of the program I set up different categories in the chart of accounts to track cost and that made my chart of accounts pages long. But now I use the projects for businesses such as construction, real estate rental property or manufacturing.
You can allocate all direct cost on an item through purchases or sales modules.
This has become a great tool for me and for my clients.
nk

03/12/10 @ 10:52
Comment from: Kelowna Bookkeeper [Member]
I learned a trick in how to keep Canadian and US customers and vendors separate.
When you’re entering a new customer, eg, a US customer in the customer module press the space bar once and start entering the customer name. This will indent your customer name. All the names with an indention are your US customers.
nk

03/12/10 @ 11:02
Comment from: Kelowna Bookkeeper [Member]
What is a sub-ledger and what is a control account.
This is a very good question. In Simply Accounting program a sub-ledger refers to the modules where you enter purchases and make payments and create sales and enter receipts.
The control account is the accounts payable and receivable on your balance sheet. These accounts keep trap of every invoice entered and payment received. The total of the control account should always match the sub-ledger account.
nk

03/12/10 @ 11:08

For me it was a steep learning curve to get familiar
with inventory in Simply accounting.

09/27/09 @ 18:42
Comment from: Kelowna Bookkeeper [Member]
When entering your inventory items, select the “Allow Inventory Levels to Go Below Zero” option if you may need to record a sale before purchasing your inventory. In some cases this may create your inventory levels to drop below zero, creating negative inventory.
nk
03/12/10 @ 12:33

To find out basic and simple concepts on accounting, take a look at Accounting 101.pdf located at the buttom of the main page of https://www.accompservices.ca below the heading of “Are you starting a business and need a free Bookkeeping and Accounting Tutorial”. It is a link that you can click on it to view it or right click and save it for reading in your pleasure time.

It can also be found in the left side of the main web site underneath the What’s New Heading.

On December 3, 2010 we moved our comments to WordPress and summarized as below:
Comment from: Abacus [Member]
There is a bookkeeping tips and tricks on different part of our web site. If you are looking for certain information, leave a line for me at info@accompservices.ca

12/16/09 @ 08:25
Comment from: Ears [Member]
Any Bookkeeping Taining, or something to get people ready before diving into Simply Accounting?

12/16/09 @ 08:46
Comment from: Abacus [Member]
To learn Simply Accounting program, I like to emphasize on proper bookkeeping skills and knowledge. What I am trying to say is that by learning Bookkeeping techniques, you would prepare yourself to learn Simply Accounting Software, much easier.

You may want to check out:

http://www.accompservices.ca/business_information.htm

12/16/09 @ 09:29
Comment from: Abacus [Member]
Free Bookkeeping Tutorial is here:

http://www.accompservices.ca/Accounting%20101.pdf

Business/Government related forms are in the mail page at:

http://www.accompservices.ca

look at the left hand side under What’s New heading. You see T2125 Business Activity Form, etc.

12/16/09 @ 09:33
Comment from: Ears [Member]
Twitter and Bookkeeping! Any hints?

12/16/09 @ 09:40
Comment from: Abacus [Member]
Not sure how Twitter might help our blogs!? Let me look into it.

12/16/09 @ 09:56
Comment from: Ray [Visitor]
At the bottom of your home page (http://www.accompservices.ca) there is an Opt-in form with a blue heading of “Subscribe”. It says upon sign up, you’ll get “Free Bookkeeping Tips and Video Tutorials”. Can someone tell me what topics the video clips talk about?

12/31/09 @ 12:52
Comment from: Ray [Visitor]
I forgot to ask:
Has anybody tried those free video clips? Are they any good?
Ray
12/31/09 @ 12:55
Comment from: NK [Member]
Hi Ray
There are 4 topics that the video clips talk about.
No1. Secret in saving time an money.
No2. Secret in business use of home expense.
No3. Secret in claiming vehicle expenses
No4. Secret in income tax preparation.

The videos are very informative. It gives a good idea 0f
what deductions are available at tax time and how to keep your books
and records to save money.
NK
01/05/10 @ 19:24
Comment from: Abacus [Member]
Often my bookkeeping clients ask me, “how should I organize my receipts?”
There are several ways to organize receipts for home or for your business, I will show you the easiest way and it works well for my clients.
1-When you purchase as item, circle 2 things on the receipt, the date and method of payment. to stop the guessing game for yourself and your bookkeeper, write a little blurb of what the purchase was for.
2-In your filing cabinet label folders to match the method of payment. Eg: the folders will read, visa, mastercard, cheque, etc. When you receive your monthly statements in the mail, match each receipt to its own statement.
I recently discovered an online way of organizing receipts and it’s made my life a lot easier.

http://www.accountingfordummies.net/organizing-your-receipts

07/10/10 @ 11:11

12/27/09 @ 16:44
Comment from: Jay [Visitor]
I was reading your comment of “Filing Income Tax Deadline”. What do you mean by “… make an instalment payment of an approximate amount ….”. Basically, I am not sure what is meant by “instalment”

Thanks,
Jay
12/27/09 @ 17:04
Comment from: nk [Visitor]
Hi Jay
When a person is employed they remit income tax from their wages. When they are self-employed, they are responsible to make that tax instalment every month,quarter, or yearly. If you now your income is high enough to generate income tax than you are responsible to pay that income tax by April 30.
12/29/09 @ 09:32
Comment from: NK [Member]
Get your refund faster by filing electronically. You can Netfile, E-file or Telefile. If you choose to Netfile you must have an access code from CRA (Canada Revenue Agency) if you don’t call CRA at 1-800-959-8281. If you choose to E-file the tax office will be registered with CRA and they will have their own access code. If you choose to Telefile simply follow the instructions via telephone.
12/29/09 @ 09:35
Comment from: Jay [Visitor]
I am trying to understand what you mean by:
“..If you choose to E-file the tax office will be registered with CRA and they will have their own access code.”

Jay
12/30/09 @ 09:18
Comment from: NK [Member]
HI Jay
What I meant is, each individual person has an access code with CRA. And each tax firm ex: H&R Block, have there own access code with CRA.
At tax time, if you are netfiling, you need to use your individual access code.
If you are Efiling, The firm, ex: H&R Block, will use their own access code.
for more information go to www.accompservices.ca, at the bottom of the home page you can sign up and we’ll send you series of tutorials and one of them will cover income tax.
nk

12/31/09 @ 09:58
Comment from: NK [Member]
If you are self-employed and registered as sole proprietorship, don’t forget to write off a portion of your vehicle expenses and a portion of your home office expense. For claiming business use of home expense you will need your household utility bills, mortgage interest, or rent paid, house insurance, and property taxes.
To claim vehicle expense you need, the total km driven in tax year and the total km driven to earn income. You also need your gas receipts, insurance, repair and maintenance costs, lease payments if you are leasing or interest on loan if you took out a loan for your vehicle. Keep a log book of where you drove and what customers you met.

03/05/10 @ 16:10
Comment from: Kelowna Bookkeeper [Member]
If you are a shareholder of a company and you make an investment into the company. Make sure the company doesn’t repay your investment more than the original amount.
Eg: if your investment is $50,000. the company should pay you back the same amount.
If you received $60,000. for your investment the extra $10,000. can become taxable income to you and be reported on your personal income tax. If you find yourself in that situation, talk to your accountant for the best way to handle that.
nk

03/12/10 @ 12:51
Comment from: NK [Member]
Why it is good to contribute every year and keep your money in RRSP.
Contributing to an RRSP is one way of reducing your annual income tax bill. For example: Say your marginal tax rate is 40%, $10,000 is sufficient to contribute to your RRSP plan and it is fully deductible from your income and reducing your taxes by up to $4,000. Plus every dollar investment income earned inside your RRSP is tax-deferred as long as it stays in the plan.
nk
08/20/10 @ 14:57
Comment from: NK [Member]
Hire family and save EI
Many small business owners know the tax benefits of paying wages to family members. However, they often forget the rules concerning employment insurance premiums (EI) on those wages. In many cases, family members would not be eligible to collect EI if they lost thei9r jobs. If they can’t collect, why pay the EI premiums? This can mean thousands of dollars in savings yearly.
NK
08/20/10 @ 15:18

03/12/10 @ 10:08
Comment from: Kelowna Bookkeeper [Member]
Shift your mindset.
When I started my business I wore many hats. Than I realized if I plan to create a business that has value or can be taken over by someone else, than the business need to be able to function without me. When you decide that you are moving from doing to managing, you will need systems, processes, or operations manual – tools for running the business that will allow others to work for you. You may have to train, supervise and trust others to become de-ers on your behalf. This was a hard step for me, but after a while I began to concentrate on how to grow my clientele and get better prices for my product.
NK

03/12/10 @ 10:19
Comment from: Kelowna Bookkeeper [Member]
Create Balance.
There are a few changes that can be made to create balance. Start by crating a separate environment, especially if you are working from home or sharing a computer with the rest of the family. Invest in your own computer and set up an office for yourself.
Set boundaries and explain the rules concerning your work time to friends and family.
Be firm with yourself; plan to do housework at specific times outside your business hours. Don’t grab a minute to do the wash because you don’t have a client lined up, spend that time finding a new client. Protect your downtime.
I am telling you this because it happened to me and I ended up getting an office space in town. It was a good move for me.
NK

03/12/10 @ 10:34
Comment from: NK [Member]
Owning your own business.
I think small business is the backbone of the Canadian economy. We create more than 300,000 new jobs each year for Canadians. Many of us dream of owning our own business and one in six Canadian owns his or her own business.
In fact 52 out of 100 businesses are owned or co-owned by women.

nk
03/26/10 @ 11:57
Comment from: NK [Member]
Your Team.
Networking is an important activity for small business owners. Because you sometimes work in isolation, be sure to set up a network of people in business. How? Attend meetings, conventions, seminars. Hand out your business card to everyone you meet. Tell people what you do.
I attend a networking group once a week. There are 40 of us and we each have different businesses. Just knowing each other gives us the confidence to refer one another to potential customers.
My business has grown because of that.
nk
03/26/10 @ 12:22
Comment from: NK [Member]
Five start-up tips.
1- Drive, dedication and commitment are important qualities to make your business succeed.
2- Know your business by doing your research. No business fails because the owner knows too much.
3- Know your market.
4- creat a business plan.
5- meet your banker. Even if you don’t need to borrow money now, your relationship with your banker can be important.
nk
03/26/10 @ 13:37
Comment from: NK [Member]
Employees are the backbone of our economy. You get more bang for your buck for rewarding an employee even if their ideas don’t pan out. Employees look to employers for support, listen to their ideas and suggestions and allow them to exercise some of their reactivity. By making the employee feel like being a part of a team, it will transfer to customer service. The employee would take pride in their work and that positive energy will be released to the customers. If you want repeat customers, take a look at how your employees are being treated. Other accounting topics can be found at:

http://www.accountingfordummies.net

nk

08/06/10 @ 15:29